India’s SKS Microfinance Posts First Full Year of Profit Since Andhra Pradesh Crisis

Friday, May 2, 2014

The journey to recovery started in the December quarter of 2012 when it showed gains after suffering losses for seven consecutive quarters. Since then, the profits have been sustained.

SKS has reported 70 crore profit for the year ended March 31. In the previous financial year, SKS incurred a loss of 30 crore.

Source: The Hindu Business Line (link opens in a new window)

lending, microfinance